Silver Spring - To the Future & Beyond

Silver Spring future development and art influence depends of visionaries citizens. This presentation serves as a explorative window of new real estate trends, cultural and economic sensitive development and how we move forward an agenda of continuum progress.

3.
Maryland-National Capital Park and
Planning Commission
Silver Springs Central Business District and Vicinity Sector Plan - Adopted March 2000
M-NCPPC Development and
Economic Recommendations:
• Development should be market-oriented. (CBD, Pg.
15)
• Should be an active place with mixed uses
attracting people at all times. (CBD, Pg. 15)
• Commercial uses will combine…housing and civic
uses. (CBD, Pg. 18)
• County investment is essential to make the
downtown a center of community. (CBD, Pg. 21)
• It includes new housing types to provide variety
and opportunity. (CBD, Pg. 27)
• Flexibility in building design and uses…to respond
to market changes. (CBD, Pg. 29)

6.
Emerging Trends
Most ethically and
racially diverse.
The most urban,
multicultural, and
transient
generation.
61 percent of Gen
Y now live in
urban
environments.
Gen Y won’t want
to drive as much
but will want to be
mobile.
Gen Y will be
noticeable force in
shaping
commercial real
estate. “powerful
engine”

7.
Demographic Trends
Source: Nielsen, My Best Segments.
u Small
Household
Composition
u Urban
dwellers.
u Gen X and
Millennials
are the
largest
population.
u Active
Lifestyle
u Urban
Recreational
Amenities
0
5000
10000
15000
20000
25000
30000
Under 5
Years
5 to 14
Years
15 to 24
Years
25 to 34
Years
35 to 44
Years
45 to 59
Years
60 to 74
Years
75 Years
and Over
United States Census Bureau
2008-2012 American Community Survey 5-Year Estimates
Silver Spring, MD

11.
Urban Dog Parks
Multifamily for Millennials: Housing the Next Generation
University of St. Thomas, 08/16/2011
http://blogs.stthomas.edu/realestate/2011/08/16/multifamily-for-millennials-housing-the-next-generation/